LATÉCOÈRE H1 revenue up +3.6% (+4.8% at constant exchange rate)
Order book stood at 4 years of revenue
| H1 | |||
| (in €m) | 2014 | 2013 | Change (%) |
| Aerostructures | 223.9 | 210.5 | 6.4% |
| - Aerostructures Industrial | 176.5 | 164.5 | 7.3% |
| - Aerostructures Services (*) | 47.5 | 46.0 | 3.3% |
| Interconnexion Systems | 97.5 | 99.9 | -2.4% |
| Total revenue | 321.4 | 310.4 | 3.6% |
(*) previously Engineering & Services
Growth in line with guidance
In H1 2014, the Group posted a €321.4 million revenue, up +3.6% year on year (+4.8% at constant exchange rate).
This growth in revenue mainly derives from the Aerostructures Industrial ability (+7.3%, or 8.8% at constant exchange rate) to keep pace with the increase in production rates and from a dynamic performance of the Aerostructure Services (+3.3%) especially in tooling.
Interconnexion Systems registered a slight 2.4% decline (1.2% at constant exchange rate) compared to H1 2013 which was marked by strong engineering activity driven by the development of new programs.
Thus, H1 2014 activity for Latécoère Group (+ 4.8% at constant exchange rate) is in line with its annual growth target of 4% for “Boost 2014-2016” plan.
An order book renewal which stood at 4 years of revenue
Based on a €/US$ exchange rate of 1.35 and firm orders announced by aircraft manufacturers, the order book amounts to €2.61 billion as of June 30, 2014 up 1.1% growth on H1 2014. It reflects new orders from Airbus A320 neo program and Embraer E-Jet E2 program. It represents 4 years of revenue.
About Latécoère
Latécoère is a tier 1 partner to major international aircraft manufacturers (Airbus, Embraer, Dassault, Boeing and Bombardier), in all segments of the aeronautical market (commercial, regional, corporate and military aircraft), specializing in three fields:
- Aerostructure Industrial (55% of total revenue): fuselage sections and doors.
- Aerostructure Services (15% of total revenue): design, stress analysis and definition of industrial products - design, manufacturing & maintenance of tooling and special assemblies
- Interconnexion Systems (30% of total revenue): onboard wiring, electrical harnesses and avionics bays.
The Group employed as of December 31, 2013 4,617 people, in 10 countries.
Latécoère had total consolidated revenue of €621.1 million in 2013 and as of June 30, 2014 its order book stood at €2.61 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of €23,017,186 divided into 11,508,593 shares with a par value of €2 per share is listed on Euronext Paris - Compartment C.
ISIN code: FR0000032278 - Reuters code: LAEP.PA - Bloomberg code: LAT.FP
| GROUPE LATECOERE | ACTUS FINANCE |
|
Olivier Regnard / Chief Financial Officer Tél. : 33 (0)5 61 58 77 00 olivier.regnard@latecoere.fr |
Corinne Puissant / Investor Relations Tél. : 33 (0)1 53 67 36 57 - cpuissant@actus.fr Anne-Catherine Bonjour / Media Relations Tel. : 33(0)1 53 67 36 93 - acbonjour@actus.fr |
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